Aggregated price index
Aggregated price index with volume information
- The momentum of the sector is very strong.
- Energy Minerals stocks down 2.1% on average while median return down 2.5% in a day
- Energy Minerals stocks up 5.6% on average while median return up 3.3% in a week
- Energy Minerals stocks up 16.6% on average while median return up 12.3% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are $BTU 91.3%, $AMPY 72.3%, $TELL 71.8%, $MCF 64.3%, $EGY 53.5%
- 1M losers are : Losers for past month are $BPT -12.5%, $NC -13.3%, $NEXT -16.4%, $YPF -26.5%, $PNRG -30.2%
- 1W winners are : Winners for past week are $TELL 43.9%, $SD 42.7%, $RRC 35.6%, $EQT 27.4%, $AMPY 26.5%
- 1W losers are : Losers for past week are $PBR -6.8%, $UGP -7.1%, $CNQ -7.9%, $BPT -11.4%, $YPF -15.6%
Index correlation analysis
Correlation for the past month is 33.1%, for the past 3 months is 33.9%
In the past month for a 5 days rolling window, the highest corrrelation is 53.4%, the lowest correlation is 15.9%, the latest correlation is 44.4%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 88.3% between APA and CLR
The lowest correlation is -45.7% between AREC and CNX
Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp. The S&P 500 banks index lost ground as shares of Wells Fargo & Co, JPMorgan Chase & Co and Citigroup Inc tumbled even though they had posted better-than-expected fourth-quarter profits.
Some left-for-dead penny stocks are now billion-dollar companies, thanks to the rally in the S&P 500 and other indexes.
Permianville Royalty Trust (NYSE: PVL, the "Trust") today announced the net profits interest calculation for January 2021. The net profits interest calculation represents reported oil production for the month of October 2020 and reported natural gas production during September 2020. The calculation includes accrued costs incurred in November 2020.
Energy stocks used to make up more than 10% of the S&P 500. After trailing again in 2020, energy stocks are up 18% in the first two weeks of 2021, even though the S&P 500 is only up 1%. Thomas Lee, head of research at Fundstrat Global Advisors, thinks that energy stocks could benefit from the same change in investor sentiment that helped drive (TSLA) (ticker: TSLA) in 2020—a “fear of missing out,” or FOMO, on a new investment theme after a long period of underinvestment.
--- Appointment of Additional Members to the Board of Directors --- --- Borrowing Base Reaffirmation --- HOUSTON, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Penn Virginia Corporation ("Penn Virginia" or the "Company") (NASDAQ:PVAC) today announced the closing of the Juniper transaction, reaffirmation of its borrowing base, and the appointment of additional members to the Company's Board of Directors. In conjunction with the closing of the transaction, the Board has increased from four members to nine mem...
TheStreet's weekly guide to upgrades, downgrades and price-target changes includes Exxon Mobil, Tesla and Twitter.
While oil prices fell back on Friday morning due to demand concerns, OPEC admitted that U.S. shale production will likely rebound if oil prices stay at currently levels
NEW YORK, NY / ACCESSWIRE / January 15, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit.
(Bloomberg) -- The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.The top U.S. financial regulator’s reported investigation into how Exxon Mobil Corp. values shale assets follows years of concerns about the industry’s rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns.Exxon, the West’s biggest oil company, is accused in a whistleblower...
Wall Street's main indexes dropped on Friday, with the biggest drag coming from big U.S. banks after their earnings reports while the energy sector was also weighed down by a regulatory probe into Exxon Mobil Corp . The S&P 500 banks index was down 2.8% as shares of Wells Fargo & Co, JPMorgan Chase & Co and Citigroup Inc tumbled even though they had posted better-than-expected fourth-quarter profits.